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Real investment value in a city like Memphis comes from the city itself and the investment partner you choose to work with. Memphis Invest works with over 1,800+ investors and manages 3,300+ properties in the Memphis area. We know what it takes to successfully invest in real estate.
Read below to learn why Memphis continues to be a top-tier real estate investing city and how the world-class team at Memphis Invest can assist you!
Memphis, Tennessee, has long been considered the Distribution and Transportation Hub of America! With four major Interstate Highways passing through Memphis, the fourth-largest inland port in the U.S., the second-largest inter-modal exchange and the largest cargo and freight airport in the world, more major metro areas can be reached overnight from Memphis than any other city in the U.S.
These advantages have made Memphis an ideal location for manufacturing and distribution operations. They have resulted in much of Memphis’ business development, making it home to some of America’s top companies.
Memphis is home to a growing number of nationally and internationally known corporations, including approximately 150 businesses from 22 countries. Memphis has nine firms in the Fortune1000 and is the home of six Fortune 500 companies.
Memphis also continues to grow as a medical and biomedical manufacturing and research center. Here's a small list of the medical centers, research hospitals and continued expansion turning Memphis into a major medical hub for the U.S.:
» St. Jude Children's Research Center
» UT Medical School
» LeBohneur Children's Hospital
» Methodist University Hospital
» Memphis Biotech Research Park (currently under construction)
» Med-Tech Headquarters & Research facility
Memphis is also known for the world-famous entertainers who started in the "City of Blues." From Elvis Presley and his Memphis home, Graceland, to B.B. King, W.C. Handy, Jerry Lee Lewis, Johnny Cash, Carl Perkins and more recently Three Six Mafia and Justin Timberlake, Memphis is one of the great musical centers of the South.
Memphis has a relatively low cost of housing with the median home price at roughly $99,000 and 722,000 residents, which ranks Memphis as the 18th largest city in the U.S. The high population and low cost of housing help make Memphis an attractive alternative for real estate investors.
Home prices have increased in 2015 while underwater mortgages continue to decline. The median home price is up 8.6% over same-year 2014. Foreclosure actions are also down to pre-2007 levels, which means fewer homes are on the market. Fewer homes, fewer foreclosures and fewer homes underwater are all signs of an improving and appreciating market.
Combine these factors with the services and detailed attention of a company like Memphis Invest, real estate investors find a great opportunity to invest in a world-class city with a world-class company!